• The World Economic Forum’s The Russia Competitiveness Report recognizes Russia’s growth potential can match the other BRICs while acknowledging the country is currently falling behind India, China and Brazil in terms of competitiveness
• Key competitive advantages include an educated labour force, large market size, and natural resources
• Key competitiveness challenges are underdeveloped institutions, stifled competition, declining quality of education, underdeveloped financial markets and low business sophistication
• Innovation could become a key driver of growth in the future should a comprehensive national framework be put in place
• Watch video interviews with Margareta Drzeniek Hanouz, Director, Senior Economist, Centre for Global Competitiveness and Performance, World Economic Forum and Alexey Prazdnichnykh, Partner, LLC Strategy Partners, Russian Federation, and download the full report profiling 27 economies, rankings and more at http://www.weforum.org/gcr
• For more information about the World Economic Forum on Europe and Central Asia at www.weforum.org/Europe2011

- More than 500 participants will convene under the theme Expanding the Frontiers of Innovation
- Heads of state and government from 12 countries will join public and private sessions to discuss the most pressing issues in the region
- More information about the World Economic Forum on Europe and Central Asia at http://www.weforum.org/Europe2011